@NadineJ - In a post dated 5/9/2014, 10:08:06, CharlesM was making a series of points about clean energy and government subsidies, etc. In the middle of the post he stated as an unqualified fact: "The federal debt is not a problem." I took issue with that statement, and posted then Senator Obama's quote as my final response.
Panasonic has been Tesla's partner for awhile, NadineJ. Tesla has singlehandedly vaulted Panasonic to the top of the market in sales of EV/hydrid batteries over the past two years. Panasonic now makes 39% of the EV/hybrid batteries, almost all of which are the 18650 variety.
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. ...Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
And here's an essay written by someone who knows a thing or two about the subject, wherein it's explained that if this country were to instead focus on ways to increase economic growth, a mere 0.2% growth per year would completely eliminate long term debt.
It's interesting to note that the political party that ran up most the debt would brush aside the problem when they were in power with the excuse that debt was still low as a percentage of GDP, and that they are the champion alarmists when they're out of power. Turns out they are correct that % of GDP is what matters most. They just don't want you to know that when they're not the party that gets to "pick winners and losers."
naperlou makes a good point, as usual. Batteries are critical to EV success. Panasonic's role in downplayed in the press here in the U.S.
I wonder what other companies were in the running and why Tesla chose to partner with Panasonic. Did Panasonic leap on this as an answer to Samsung's partnership with XG Sciences? Why not link up with American LIB manufacturers? There are several.
I have too many questions. But, Musk does like to create mystery.
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